Buying Landlord Insurance For Buy to Let Property
It is understood that owners of let property require a unique level of cover.
The following paragraphs highlight the features and benefits that you might well expect to find in a landlord insurance policy.
In many cases these features are not covered in standard household insurance policies.
Multi property cover: The ability to cover multiple properties under one policy.
90 day cover: Full cover for up to 90 days if properties are furnished but unoccupied between lets or before the start of the first let.
Legal expense cover: To assist with the costs that might arise following disputes with tenants; to defend legal action that might be taken against a landlord by tenants; or to evict squatters.
Legal expenses cover can also include cover for costs involved in staying in alternative accommodation.
Identity fraud cover: Help with legal costs and other expenses that may have to be paid if a landlord becomes a victim of identity fraud.
There have been numerous examples recently of tenants moving into rented property and then stealing the landlord's identity to take out loans and mortgages with the landlord's property as collateral.
Landlords may be particularly vulnerable to identity fraud if mail is sent to the let property.
Property Owners Liability: Liability protection for injury to the tenants occupying the property.
Rental Protection: Cover to pay landlords the rent due if the tenants default on their rental payments.
Malicious or Accidental Damage caused by the tenants: Protection if the tenants cause damage either accidentally or maliciously to the landlord's property.
Disasters: Protection for damage caused fire, theft, flood or storm.
Home & Legacy provides premier buildings, contents, travel and car insurance for mid/high net worth individuals and landlord insurance policies at competitive rates.
The following paragraphs highlight the features and benefits that you might well expect to find in a landlord insurance policy.
In many cases these features are not covered in standard household insurance policies.
Multi property cover: The ability to cover multiple properties under one policy.
90 day cover: Full cover for up to 90 days if properties are furnished but unoccupied between lets or before the start of the first let.
Legal expense cover: To assist with the costs that might arise following disputes with tenants; to defend legal action that might be taken against a landlord by tenants; or to evict squatters.
Legal expenses cover can also include cover for costs involved in staying in alternative accommodation.
Identity fraud cover: Help with legal costs and other expenses that may have to be paid if a landlord becomes a victim of identity fraud.
There have been numerous examples recently of tenants moving into rented property and then stealing the landlord's identity to take out loans and mortgages with the landlord's property as collateral.
Landlords may be particularly vulnerable to identity fraud if mail is sent to the let property.
Property Owners Liability: Liability protection for injury to the tenants occupying the property.
Rental Protection: Cover to pay landlords the rent due if the tenants default on their rental payments.
Malicious or Accidental Damage caused by the tenants: Protection if the tenants cause damage either accidentally or maliciously to the landlord's property.
Disasters: Protection for damage caused fire, theft, flood or storm.
Home & Legacy provides premier buildings, contents, travel and car insurance for mid/high net worth individuals and landlord insurance policies at competitive rates.
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